Participated · Series C · Jul 2020

Openpath builds mobile and cloud-based access control systems that enable touchless, frictionless entry using mobile credentials and patented Triple Unlock technology. Its product suite includes hands-free Wave to Unlock, Tailgating and Lockdown solutions and enterprise cloud capabilities that link physical and cyber security. The company says its Triple Unlock delivers 99.9% reliability and its systems have been deployed by real estate firms such as Hines and Lincoln Property Company. Openpath reports it unlocks more than five million doors per month and has been growing since 2018. Founded in 2016 and based in Los Angeles' Silicon Beach with an additional office in Indiana, the company plans to accelerate product engineering, hardware and software development. It intends to expand its client base across new verticals and extend its safety platform for the built world in the U.S. and internationally. Openpath builds smart, secure access systems for modern offices, centered on its flagship Openpath Access product that combines hardware with a smartphone app. Its next-generation, cloud-based platform enables employees to enter offices via their smartphones and uses encryption at every level. The company emphasizes frictionless, mobile-first access and a mission to improve workplace efficiency and security. Openpath has received an investment from Allegion Ventures, a corporate venture fund of Allegion plc, and the organizations are planning a strategic technology partnership. Allegion Ventures said Openpath aligns with its access-as-a-service focus and could potentially integrate with established Allegion brands to extend seamless security beyond entry doors. As an investor and technology partner, Allegion Ventures will support Openpath with expertise in people flow, building codes and specification, mobile applications, channel distribution, and global market penetration. Openpath’s flagship product, Openpath Access, is a hands-free mobile entry solution that combines sleek hardware with an app and a cloud-based management console. The system uses patented encryption and protections against cloning, sniffing and key copying, and offers user-level permissions to improve security over legacy access methods. The cloud console lets business owners and landlords manage multiple offices from a single interface without local servers. The founding team has prior exits and enterprise experience and aims to improve workplace efficiency by eliminating friction around visitor sign-ins, lost keys and shared PINs. The company plans to use new funding to further innovate, ramp research and development, and scale its access systems to meet modern office needs. Openpath was founded in 2016 and is based in Los Angeles’ Silicon Beach; it has raised $27 million to date. Openpath builds a cloud-based access control system, Openpath Access, that combines sleek hardware with a mobile app to enable smartphone-based entry. The product uses patented SurePath Mobile technology for entry via Bluetooth, Wi‑Fi and LTE, and employs encryption to protect against cloning and key copying. The system integrates with platforms like G Suite and Office 365 and offers admin features such as scheduled locking, custom zones, user-level permissions and lockdown capabilities. Openpath positions its product for modern workplaces and cites positive feedback from beta customers and early adopters like Team Liquid. The company was founded in 2016 and is based in Los Angeles’ Silicon Beach. It is on a mission to improve workplace efficiency and scale modern access control to more businesses.